Hundreds of thousands of people protested again across France on Thursday, during which trade unionists and strikers also attacked the headquarters of luxury goods company LVMH Moët Hennessy Louis Vuitton. The protests are over Emmanuel Macron's plans to raise the minimum retirement age from 62 to 64.
The incident happened on the same day that LVMH shares rose 4.6%, hitting an all-time high. The company, which owns brands such as Louis Vuitton, Christian Dior, Tiffany and Co. and Bulgari, is currently one of the richest companies in Europe; their revenue increased by 17% in the last quarter, despite the economic problems that have engulfed the whole world.
LVMH is owned by Bernard Arnault, the richest person in the world, who dethroned Elon Musk. His wealth exceeds 200 billion dollars.
"If you're asking for money to fund pensions, take it out of the pockets of billionaires," a rail union representative said of the new pension reform. Outside LVMH headquarters, union leader Fabien Villedieu told CNN that "if Macron wants to find money to fund the pension system, he has to come here to find it."
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The French president is under pressure to define how the government intends to appease public opinion. Polls consistently show that the majority of French are against pension reform.
